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J P LIVING AT CATALINA PHOENIX, ARIZONA Project Team

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J P LIVING AT CATALINA PHOENIX, ARIZONA Project Team. DEVELOPER ARCHITECT ENGINEER John A. LiSanti, President Damon Leverett, AIA Rachid Dia, P. E. - PowerPoint PPT Presentation

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J P LIVING AT CATALINAPHOENIX, ARIZONA

Project Team

DEVELOPER ARCHITECT ENGINEERJohn A. LiSanti, President Damon Leverett, AIA Rachid Dia, P. E.

American Realty & Development Durrant Group David Evans & Assoc., Inc

369 B Third Street, Suite 269 2141 E. Highland Ave, #200

San Rafael, CA 94901 Phoenix, AZ 85008 Phoenix, AZ 85016

LANDSCAPE ARCHITECT CONTRACTOR PROJECT MANAGERKristina Floor, RLA, ASLA Ken Schacherbauer A. Dean Spears

Floor Associates Perini Building Company Black Mountain Engineering, LLC

1425 North 1st Street, 2nd Floor 360 East Coronado Road 1000 West Coy Drive

Phoenix, AZ 85004 Phoenix, AZ 85067 Flagstaff, AZ 86001

REAL ESTATE BROKER REPRESENTATION Ray Pacioni Nicholas J. Woods

Fairmount Corp. Snell & Wilmer

22 E. Buchanan One Arizona Center

Phoenix, AZ 85004 Phoenix, AZ 85004

J P LIVING AT CATALINAJ P LIVING AT CATALINAPHOENIX, ARIZONAPHOENIX, ARIZONA

Located in the mid-town area of Phoenix, Located in the mid-town area of Phoenix, the 3rd Street and Earll Drive project is a the 3rd Street and Earll Drive project is a gate-guarded urban enclave of Flats, and gate-guarded urban enclave of Flats, and High Rise Condominium residences High Rise Condominium residences integrated into a world-class recreational integrated into a world-class recreational environment featuring a state-of-the-art environment featuring a state-of-the-art fitness center, swimming pools, tennis and fitness center, swimming pools, tennis and beach volleyball courts. beach volleyball courts.

J P LIVING AT CATALINAJ P LIVING AT CATALINAPHOENIX, ARIZONAPHOENIX, ARIZONA

The unique project design includes 3 The unique project design includes 3 condominium towers each having 21 condominium towers each having 21 floors totaling 552 units, 126 flat units, floors totaling 552 units, 126 flat units, and a 1,118 space underground parking and a 1,118 space underground parking structure that allows for both cost-structure that allows for both cost-efficient construction and compatibility efficient construction and compatibility with the surrounding residential with the surrounding residential neighborhood. neighborhood.

Project Site Plan3033 North 3rd Street, Phoenix, AZ 85012439,307 Gross SQ FT, 360,302 Net SQ FT (8.3 Acres)

EAST TOWER21 STORIES WITH 184 UNITS

NORTH TOWER21 STORIES WITH 184 UNITS

SOUTH TOWER21 STORIES WITH 184 UNITS

Condominium TowersUnit Type In Each Tower

One Bedroom 35 Units

One Bedroom + Den 34 Units

Two Bedroom 70 Units

Two Bedroom + Den 37 Units

Three Bedroom 6 Units

Three Bedroom + Den 2 Units

Total Number 184 Units

Condominium TowersUnit Size In Each Tower

One Bedroom Units

Floor 2 1 @ 972 SF

Floors 3 – 19 1 @ 959 SF On Each Floor

1 @ 974 SF On Each Floor

Total Units = 35

Total Square Foot = 33,833 SF Each Tower

Total All 3 Towers = 101,499 SF

Condominium TowersUnit Size In Each Tower

One Bedroom + Den Units

Floor 2 0 Units

Floors 3 – 19 1 @ 933 SF On Each Floor

1 @ 969 SF On Each Floor

Total Units = 34

Total Square Foot = 32,334 SF Each Tower

Total All 3 Towers = 97,002 SF

Condominium TowersUnit Size In Each Tower

Two Bedroom Units

Floor 2 1 @ 1,198 SF

1 @ 1,464 SF

Floors 3 – 19 1 @ 1,067 SF On Each Floor

1 @ 1,198 SF On Each Floor

Total Units = 36

Total Square Foot = 41,167 SF Each Tower

Total All 3 Towers = 123,501 SF

Condominium TowersUnit Size In Each Tower

Two Bedroom + Den Units

Floor 2 1 @ 1,046 SF

Floors 3 – 19 1 @ 1,463 SF On Each Floor

1 @ 1,553 SF On Each Floor

Floors 20 1 @ 1,464 SF

Total Units = 36

Total Square Foot = 53,782 SF Each Tower

Total All 3 Towers = 161,346 SF

Condominium TowersUnit Size In Each Tower

Three Bedroom Units

Floors 3 - 19 1 @ 0 SF On Each Floor

Floors 20 - 21 1 @ 2,026 SF

1 @ 2,041 SF

1 @ 2,192 SF

Total Units = 3

Total Square Foot = 6,259 SF Each Tower

Total All 3 Towers = 18,777 SF

Condominium TowersUnit Size In Each Tower

Three Bedroom + Den Units

Floors 3 - 19 1 @ 0 SF On Each Floor

Floors 20 - 21 1 @ 3,720 SF

Total Units = 1

Total Square Foot = 3,720 SF Each Tower

Total All 3 Towers = 11,160 SF

FLATS (Street View)

FLATS (TOWNHOMES)2 STORIES WITH 126 UNITS

J P LIVING AT CATALINAPHOENIX, ARIZONA

Flats Units (Townhomes)One Bedroom @ 840 SF

Total Units = 63

Two Bedrooms @ 1,878 SF

Total Units = 63

Total Number = 126 Units

In 63 Buildings

Project PhasingThere are Four Phases of Construction

Phase 1 South Tower 184 Units 40 Flat Units and Recreation Building

Phase 2 North Tower 184 Units 12 Flat Units

Phase 3 East Tower 184 Units26 Flat Units

Phase 4 48 Flat Units

Phase 1 South Tower40 Flat Units and Recreation Building

Phase 1Construction Costs

Phase 1 South Tower 318,260 SF

40 Flats 54,360 SF

Recreation Building 13,750 SF

Total Construction Cost

$74,115,819.00

Total Construction Cost per Square Foot

$191.83 / SF

Phase 2 North Tower12 Flat Units

Phase 2Construction Costs

Phase 2 North Tower 318,606 SF

12 Flats 16,308 SF

Total Construction Cost

$53,138,825.00

Total Construction Cost per Square Foot

$158.66 / SF

Phase 3 East Tower26 Flat Units

Phase 3 East Tower26 Flat Units

Phase 3 East Tower 314,134 SF

26 Flats 35,334 SF

Total Construction Cost

$54,166,135.00

Total Construction Cost per Square Foot

$154.99 / SF

Phase 4 48 Flat Units

Phase 4 48 Flat Units

Phase 4 48 Flats 65,232 SF

Total Construction Cost

$12,161,066.00

Total Construction Cost per Square Foot

$186.43 / SF

Construction Cost

Phase 1 Construction Cost $74,115,819.00

Phase 2 Construction Cost $53,138,825.00

Phase 3 Construction Cost $54,166,135.00

Phase 4 Construction Cost $12,161,066.00

Total Construction Cost $193,581,845.00

Graph Construction CostsPer Phase of Construction

0

10

20

30

40

50

60

70

80

1 2 3 4

South Tower

North Tower

East Tower

Flats

Average Sales PriceAverage Sales Price

Based on $650 per square footBased on $650 per square foot

One Bedroom UnitsOne Bedroom Units1 @ 972 SF x $650 = $ 631,800.001 @ 972 SF x $650 = $ 631,800.00

17 @ 959 SF x $650 = $10,596,950.0017 @ 959 SF x $650 = $10,596,950.00

17 @ 974 SF x $650 = $10,762,700.0017 @ 974 SF x $650 = $10,762,700.00

Total Sales 35 One Bedroom Units = Total Sales 35 One Bedroom Units = $21,991,450.00$21,991,450.00

Average Sales PriceAverage Sales Price

Based on $650 per square footBased on $650 per square foot

One Bedroom + Den UnitsOne Bedroom + Den Units

17 @ 933 SF x $650 = $10,309,650.0017 @ 933 SF x $650 = $10,309,650.00

17 @ 969 SF x $650 = $10,707,450.0017 @ 969 SF x $650 = $10,707,450.00

Total Sales 34 One Bed + Den Units = Total Sales 34 One Bed + Den Units = $21,017,100.00$21,017,100.00

Average Sales PriceAverage Sales Price

Based on $650 per square footBased on $650 per square foot

Two Bedroom UnitsTwo Bedroom Units1 @ 1,198 SF x $650 = $ 778,700.001 @ 1,198 SF x $650 = $ 778,700.00

1 @ 1,464 SF x $650 = $ 951,600.001 @ 1,464 SF x $650 = $ 951,600.00

17 @ 1,067 SF x $650 = $11,790,350.0017 @ 1,067 SF x $650 = $11,790,350.00

17 @ 1,198 SF x $650 = $13,237,900.0017 @ 1,198 SF x $650 = $13,237,900.00

Total Sales 36 Two Bedroom Units = Total Sales 36 Two Bedroom Units = $26,758,550.00$26,758,550.00

Average Sales PriceAverage Sales Price

Based on $650 per square footBased on $650 per square foot

Two Bedroom + Den UnitsTwo Bedroom + Den Units1 @ 1,046 SF x $650 = $ 679,900.001 @ 1,046 SF x $650 = $ 679,900.00

1 @ 1,464 SF x $650 = $ 951,600.001 @ 1,464 SF x $650 = $ 951,600.00

17 @ 1,463 SF x $650 = $16,166,150.0017 @ 1,463 SF x $650 = $16,166,150.00

17 @ 1,553 SF x $650 = $17,160,650.0017 @ 1,553 SF x $650 = $17,160,650.00

Total Sales 36 Two Bed + Den Units = Total Sales 36 Two Bed + Den Units = $34,958,300.00$34,958,300.00

Average Sales PriceAverage Sales Price

Based on $650 per square footBased on $650 per square foot

Three Bedroom UnitsThree Bedroom Units1 @ 2,026 SF x $650 = $ 1,316,900.001 @ 2,026 SF x $650 = $ 1,316,900.00

1 @ 2,041 SF x $650 = $ 1,326,650.001 @ 2,041 SF x $650 = $ 1,326,650.00

1 @ 2,192 SF x $650 = $ 1,424,800.001 @ 2,192 SF x $650 = $ 1,424,800.00

Total Sales 3 Three Bedroom Units = Total Sales 3 Three Bedroom Units = $4,068,350.00$4,068,350.00

Average Sales PriceAverage Sales Price

Based on $650 per square footBased on $650 per square foot

Three Bedroom + Den UnitThree Bedroom + Den Unit

1 @ 3,720 SF x $650 = $ 2,418,000.001 @ 3,720 SF x $650 = $ 2,418,000.00

Total Sales 1 Three Bed + Den Unit = Total Sales 1 Three Bed + Den Unit = $2,418,000.00$2,418,000.00

TOTAL SALES OF ALL TOTAL SALES OF ALL 184 UNITS184 UNITS

PER TOWERPER TOWER$111,211,750.00$111,211,750.00

TOTAL SALES ALL 3 TOWERSTOTAL SALES ALL 3 TOWERS$333,635,250.00$333,635,250.00

FLAT UNIT SALESFLAT UNIT SALES

Based on $450 per square footBased on $450 per square footOne Bedroom UnitsOne Bedroom Units

63 @ 840 SF X $450 = $23,814,000.0063 @ 840 SF X $450 = $23,814,000.00

63 @ 1,878 SF X $450 = $53,241,300.0063 @ 1,878 SF X $450 = $53,241,300.00

Total Sales Flat Units = $77,055,300.00Total Sales Flat Units = $77,055,300.00

GROSS PROFITSGROSS PROFITSAFTER AVERAGE SALESAFTER AVERAGE SALES

Combined Sales $410,690,550.00Combined Sales $410,690,550.00 Less Construction Costs $193,581,845.00Less Construction Costs $193,581,845.00 Less Land Costs $ 30,000,000.00Less Land Costs $ 30,000,000.00 Less Abatement Costs Less Abatement Costs $ 3,000,000.00$ 3,000,000.00

Average Gross Profits Average Gross Profits $184,108,705.00$184,108,705.00

The project will be delivered The project will be delivered fully entitled with marketing and fully entitled with marketing and

unit pre-sales in place. unit pre-sales in place.

Contact Information

Or visit our website at

www.americanrealtydevelopment.com